France to invest over 1bn Euros in Nigeria’s oil and gas sector

The French Government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry,...

Nigeria’s alternative crude export pipeline ready soon – Pan Ocean

Nigeria's trauma of going through a year - long closure of the Trans Forcados Pipeline, its major crude export line will soon be over,...

Oil majors to divert capital from upstream to renewables – Wood Mac

A new report by Wood Mackenzie has predicted that capital will increasingly be diverted by the oil majors from the upstream sector to build...

Energia CEO says excess oil supply, unstable market affecting operations

In an interview with Mr. Felix Amieyeofori, Managing Director of Energia Limited, he disclosed that excess oil supply, oil market instability and other issues...

Total E&P Nigeria enters contract with Golden Energy for PSV

Total E&P Nigeria has awarded Golden Energy Offshore, a Norway-based shipowner and operator of offshore service vessels, a three-month contract for one of its...

Nigeria lost N131.8bn as oil production dropped in Q1

An analysis of various reports from the Nigerian National Petroleum Corporation (NNPC) has shown that the total volume of crude oil produced in Nigeria...

Suspected oil bunkerers return to oil pipelines In Lagos

There is palpable fear that large scale oil theft could be triggered in the country by the return of some suspected petrol thieves posing...

Excess Nigerian crude remains, weighs on differentials

The excess of Nigerian oil weighed on its differentials, with roughly 70 million barrels across July and August still seeking an outlet, Reuters reports. Nigerian...

Only 2 NNPC subsidiary companies are profitable – BudgIT

A recent report by BudgIt, a research and business intelligence firm, has revealed that only two of the 11 subsidiaries of the Nigerian National...

Nipco launches $16m offer for Mobil Oil shares to take stake to 70%

Nipco Plc has launched a 4.84 billion naira ($16 mln) offer for the shares it needs to take its stake in Mobil Oil to...

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